Galliford Try has completed the purchase of leading Southern mixed-tenure developer, Drew Smith Group.

The deal is part of its Partnership's division strategy to grow in key regions where it has yet to establish a presence and can increase the supply of new homes.

As part of the acquisition, current management team and staff at Drew Smith will remain in place, working with Galliford Try to speed up growth.

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Stephen Teagle, Chief Executive of Partnerships & Regeneration for Galliford Try, said: "We are really excited to have reached agreement with Drew Smith which is a great fit for our growing business.

"The Southern region holds great potential for us to expand our regeneration offering and help accelerate delivery. We look forward to working with new and existing clients to bring forward opportunities to increase the supply of new homes in the area."

(LM)